Atour Lifestyle Holdings Limited Sponsored ADR $ATAT Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. reduced its position in Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT) by 48.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,646 shares of the company’s stock after selling 29,748 shares during the quarter. Capital Fund Management S.A.’s holdings in Atour Lifestyle were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATAT. Atlas Capital Advisors Inc. purchased a new stake in shares of Atour Lifestyle during the first quarter worth $27,000. Summit Securities Group LLC acquired a new position in Atour Lifestyle during the first quarter worth about $71,000. AdvisorShares Investments LLC acquired a new position in Atour Lifestyle during the second quarter worth about $120,000. Ritholtz Wealth Management purchased a new stake in Atour Lifestyle during the 2nd quarter valued at about $294,000. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in Atour Lifestyle in the 1st quarter valued at about $298,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ATAT. Citigroup raised their target price on shares of Atour Lifestyle from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Zacks Research raised Atour Lifestyle from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Macquarie boosted their price objective on Atour Lifestyle from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Jefferies Financial Group began coverage on Atour Lifestyle in a research note on Monday, September 29th. They issued a “buy” rating and a $48.00 target price for the company. Finally, Wall Street Zen upgraded Atour Lifestyle from a “hold” rating to a “buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.21.

Atour Lifestyle Stock Up 0.4%

ATAT stock opened at $42.89 on Friday. Atour Lifestyle Holdings Limited Sponsored ADR has a 52-week low of $21.50 and a 52-week high of $43.17. The business has a fifty day moving average of $38.33 and a two-hundred day moving average of $36.10. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.16 and a beta of 0.80.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $368.95 million during the quarter, compared to analysts’ expectations of $340.27 million. Atour Lifestyle had a return on equity of 44.62% and a net margin of 16.21%. As a group, sell-side analysts anticipate that Atour Lifestyle Holdings Limited Sponsored ADR will post 1.24 EPS for the current year.

Atour Lifestyle Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a $0.36 dividend. This represents a dividend yield of 84.0%. The ex-dividend date is Friday, December 5th. Atour Lifestyle’s dividend payout ratio is currently 26.53%.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.